Renovated Bronx Multifamily
For Sale
$949,999
Pending
1955 Andrews Avenue South, Bronx, NY 10453
Spacious, renovated two-family home with potential in the Bronx.
Property Size2,205 SF
Days on Market94
Property Features for 1955 Andrews Avenue South
General Information
Standard status
Pending
Size
2,205 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,512
Amenities
Yes, Yes, 1.0, Driveway
Square Feet
Walk-Out Access, Yes
Other, Public
Other
Walk Out Basement
No
Brick
Driveway
Building Details
Year Built
1920
Listing Agency:
Cruz Network The Bronx Realty
(347) 281-8346
Listed By:
Sandra Ozoria · License #01214434
(347) 281-8346
Source:
Compass
Added: May 27
Changed: Aug 23
Last Checked: Aug 26 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cruz Network The Bronx Realty
Investment Insights
Based on property information with market context.
This fully renovated two-family property in the Bronx is currently used as a single-family home. It offers flexibility for owner-occupants while preserving future potential. Kitchen hookups remain in place behind the drywall, allowing for easy reconfiguration if desired. The property features spacious layouts, excellent room sizes, ample closets and storage, and multiple levels of living. The basement offers additional potential with plumbing in place for a bathroom, walk-out access to the yard, and separate front access, making it ideal for recreation, storage, or future finishing. Convenient access to transportation, major roadways, and everyday essentials is provided. Located at 1955 Andrews S Avenue in Bronx, NY, the multifamily property includes 5 bedrooms and 3 bathrooms.
Key Highlights
- Fully renovated property with exceptional space and upside.
- Currently used as a single‑family home with flexibility for owner‑occupant or future multi‑family conversion.
- Boasting 5 bedrooms and 3 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,310
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,106,200
$1.1M
Cap Rate 7%
$790,143
$790.1K
Cap Rate 9%
$614,556
$614.6K
Market Conditions
NOI Build-Up for 2,205 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.3K $37.80/SF
− Vacancy
−$4.3K −$1.97/SF
EGI
$79.0K $35.83/SF
− OpEx
−$23.7K −$10.75/SF
NOI
$55.3K $25.08/SF
Area
ZIP 10453
Vacancy
5.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,106,200
Cap Rate 7%
$790,143
Cap Rate 9%
$614,556
Alternative Uses
Best Use
Multifamily LT 5
$790.1K
$691.4K – $921.8K
NOI $55,310 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$734.6K
$642.8K – $857.1K
NOI $51,423 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$1.04M
$905.7K – $1.21M
NOI $72,458 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,764
Businesses Nearby
Explore this area
Business Placement
Demographics for 10453, NY
81,951
Population
28,801
Households
2.8
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
0.9 sq mi
ZIP Area
91,057
Density / Sq Mi
$35,482
Median Household Income
$30,097
Median Earnings
$1,393
Median Rent
$580,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious, renovated two-family home with potential in the Bronx.
Where is this duplex located?
The property is located at 1955 Andrews Avenue South Bronx, NY.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Fully renovated property with exceptional space and upside.; Currently used as a single‑family home with flexibility for owner‑occupant or future multi‑family conversion.; Boasting **5 bedrooms and 3 bathrooms.**
